Sold
318 Emerson ST
Palo Alto CA, 94301
$3,500,000
$1,107.59 per sqft
Sold
3,160 sqft
Multi-family
Built in 1900
Listed by Compass, Ray Rodriguez, Tony Zizzo Listing Contact: 6504050743
The R&Z Group of Compass Commercial is excited to bring to market this incredible opportunity at 318 Emerson St, right in the heart of Downtown Palo Alto. This fourplex is a true gem, offering a unique chance for savvy investors to dive into a prime piece of real estate. The property boasts an impressive configuration of (2) 2 bed 2 bath and (2) 1 bed 1 bath units. Additional features include three garage spaces that are currently being leased as storage with the potential to be converted into ADU, a back courtyard, a long driveway, and an on-site washer/dryer. With a spacious 3,160 square feet of living space on a 0.13-acre lot. What makes 318 Emerson St truly stand out is its unbeatable location! Just a stone's throw from Downtown Palo Alto, you'll be within walking distance of top-rated restaurants, trendy shops, and the iconic Stanford Theater. Plus, it's less than a mile from the world-renowned Stanford University and the Stanford Shopping Center. This isn't just a property; it's a gateway to the best of Palo Alto living! Investors will love the consistent and high rental demand, the modern touches in a historical setting, and the proximity to key amenities and landmarks. One unit is currently vacant. Potential seller financing is available.
ML81971494
MLSⓇ ID
June 28, 2024
Listed
August 27, 2024
Updated
Map
318 Emerson ST
Palo Alto CA, 94301
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.13 Acres
Roof
Composition, Shingle
School Information
School District
Palo Alto Unified
Other Property Details
Area Name
Downtown Palo Alto
Garage
Yes
Garage Spaces
3
Parking
Off Street
Parking Total
2
View
No
County
Santa Clara
Pool
No
Zoning
RM4
Listing History
Date | Event | Price |
---|---|---|
8/27/2024 | Sold | $3,500,000 |
7/19/2024 | Pending | — |
Listed by Compass, Ray Rodriguez, Tony Zizzo
Listing Contact: 6504050743
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Veronica Kogler | CA DRE# 01788047 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 7:30 PM UTC, 8/27/2024